ARCHIVED INFORMATION -- Annual Accountability Report Fiscal Year 1995

U.S. Department of Education
Consolidating Statement of Cash Flows

For the Year Ended September 30, 1995
(Dollars in Thousands)

RECONCILIATION OF NET OPERATING ACTIVITY BEFORE APPROPRIATIONS TO NET CASH USED BY OPERATING ACTIVITY


Federal
Family
Education
Loan
Program
Federal
Direct
Student
Loan
Program
All Other
Activities
Department
of Education
Consolidated
Balances
Operating Activity funded by appropriations $(2,746,873) $(785,583) $(25,823,459) $(29,355,915)
   Adjustments to Reconcile Net Operating Activity
    to Net Cash Used by Operating Activities
   Allowance for Subsidy -- 506,026 1,043 507,069
   Changes in:
      Decrease (Increase) in Credit Program
      Receivable, Net:
         Defaulted Guaranteed Loans 301,843 -- -- 301,843
         Direct Loans -- (66,551) (1) (66,552)
         Facilities Loans -- -- (14,032) (14,032)
      Decrease in Advances in Guaranty
        Agencies, Net
1 -- -- 1
      Decrease (Increase) in Accounts Receivable (2,214) -- 91 (2,123)
      Increase in Other Receivables, Net -- -- (39,267) (39,267)
      Decrease in Advances and Prepayments -- -- 59,808 59,808
      Increase in Interest Payable to U.S. Treasury -- -- 1,910 1,910
      Increase in Liabilities for Loan Guarantees 81,523 -- 6 81,529
      Increase in Accrued Grant Liability -- -- 16,501 16,501
      Increase (Decrease) in Contractual
        Services Liability
1,772 16,096 (5,732) 12,136
      Increase (Decrease) in Accrual Salaries
        and Benefits
(1,092) 792 (10,680) (10,980)
      Increase in Other Accrued Liabilities 408 -- 42,391 42,799
      Increase in Workers Compensation Liability 114 86 1,179 1,379
Net Adjustments 382,355 456,449 53,217 892,021
Net Cash Used By Operating Activities $(2,364,518) $(329,134) $(25,770,242) $(28,463,894)

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